Navient(US:NAVI) ZACKS·2024-10-30 14:35Core Insights - Navient (NAVI) reported $140 million in revenue for Q3 2024, a 50% year-over-year decline, with EPS of $0.28 compared to $0.84 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $150.04 million by 6.69%, while the EPS exceeded the consensus estimate of $0.23 by 21.74% [1] Financial Performance Metrics - Net interest margin for the Consumer Lending segment was 2.8%, slightly below the average estimate of 2.9% [3] - Net interest margin for the Federal Education Loan segment was 0.5%, above the estimated 0.4% [3] - Servicing revenue was reported at $13 million, lower than the estimated $16.23 million [3] - Other income reached $10 million, exceeding the average estimate of $5.10 million [3] - Asset recovery and business processing revenue was $70 million, below the average estimate of $80.15 million [3] - Total Non-Interest Income (Core) was $312 million, significantly higher than the average estimate of $102.64 million [3] - Total core other income for Consumer Lending was $2 million, below the average estimate of $3.08 million [3] - Total core other income for Business Processing was $289 million, far exceeding the average estimate of $81.30 million [3] - Total core other income for Federal Education Loans was $11 million, below the average estimate of $15.49 million [3] - Total core other income for Other was $10 million, above the average estimate of $1.60 million [3] - Net interest income (loss) for Federal Education Loans (Core) was $40 million, above the average estimate of $36.76 million [3] - Net Interest Income (Core) was $140 million, slightly below the average estimate of $142.31 million [3] Stock Performance - Navient's shares have returned -0.5% over the past month, compared to a +1.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]